UK - Pensions experts have dismissed chancellor Gordon Brown's decision to top up the Financial Assistance Scheme (FAS) to £8m in yesterdays budget as an admission of failure.
Announcing the UK budget for 2007/2008 yesterday, Brown said the amount of funding behind the FAS would increase from £2bn to £8bn. However, industry experts have viewed this as an admission of how...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here